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Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

Wednesday, September 14, 2016

"Parliamentary Finance: granting employees leave for five years testifies to the bankruptcy of the Iraqi state"

Maliki went on a hiring binge and now Abadi's got to trim the fat and let them go. Iraq could afford the patronage system when they were making $100 billion a year from oil but now that it's down, there's no fat to feed the folks. It seems like Iraq has the right idea, move these folks off the government teet and get them into the private sector, but they're doing it backwards. First they need to set up the open market economy and then you grant these folks "vacation." By moving these folks over it will save the government's bloated payroll but it needs to be done with some kind of common sense. ______________________________________________________

Breitling

...articles coming out with banks having problems giving people Iraqi dinar. Remember this is a two pronged attack. They are trying to reduce the dollar amount because the only way they can reduce the note count and add value to the currency…is to make sure people aren’t addicted to the US dollar…so there is a balance there. We don’t have enough information to calculate. At what point are they pulling dollars off? and at what point are they reducing the note count. And at what point are they more heavy than the other? We don’t know. BUT we know what to look for and we know the key words they’re saying and what it means for us...Between 80 and 85% of notes in Iraq are 25K notes and they say they have about 41 Trillion in dinar…divide that up into 25K notes. and you’ll figure out about what the note count is at. ______________________________________________________

ADMINBILL

NO RV/GCR THIS MORNING. I AM TOLD TO NOT WORRY. IT IS ON THE WAY. NEXT OPPORTUNITY IS APPROACHING BY WEEKS END. LET'S ALL HANG IN THERE AND SEE WHAT HAPPENS. COULD IT STILL HAPPEN TODAY? MAYBE.______________________________________________________

mike

Article:

"Immaturity" economically Iraq has been presented by international conditions, "most unfair" and Abadi demands as "bold stances"

Quotes:

"financial mismanagement of the government and the dominance of the ruling parties on the financial file, in addition to rampant corruption and lack of activation sector The private"

"those conditions came because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance."

This says it all...Abadi needs to get in the game, attack the corruption and get the open market economy opened up.______________________________________________________

Mailman17

I DO AGREE WITH [GURU] BREITLING AS FAR AS IRAQ GETTING THE NOTE COUNT DOWN, BUT, AS MUCH AS THE NOTE COUNT MATTERS, ITS WHAT REPRESENTS THE M2 THAT REALLY MATTERS IMO...THEIR M FACTOR REPRESENTS NOT ONLY PHYSICAL DINAR BUT DINAR ON THE BOOKS AS NUMBERS AND NOT ACTUAL PHYSICAL CURRENCY. WE ALSO HAVE TO REMEMBER JUST HOW MUCH ACTUAL DINAR IS BEING HELD AS BACKUP CURRENCY BY OTHER NATIONS, ESPECIALLY THE PARIS CLUB. HISTORY TELLS US THE US ORIGINALLY LENT IRAQ 20 BILLION U.S. IN LIEU OF DINAR. AT THAT TIME THE RATE WAS 4000-1. ADD IN THE OTHER MAJOR COUNTRIES, AND 41 TRILLION ISNT THAT MUCH FOR IRAQ TO HANDLE BECAUSE THE MAJORITY OF THAT IS FOREIGN CURRENCY RESERVE FOR OTHER COUNTRIES.

THEIR MAIN CONCERN IS WHATS INSIDE IRAQ, NOT OUTSIDE. WHAT WE HOLD IS NOTHING IN THE GRAND SCHEME OF THINGS AS THAT ALSO WILL FIND ITS WAY INTO OUR TREASURY AS OTHER COUNTRIES AS WELL. SHABS [DR. SHABIBIS] PLAN FROM DAY ONE WAS AND ALWAYS WILL BE ON PAR 1-1 AS HE HAS STATED MANY TIMES. A 1-1 WITH IRAQ BACKING ONLY A SMALL % OF PHYSICAL DINAR IS VERY PLAUSIBLE, ESPECIALLY IN REGARDS TO OTHER ASSETS THEY HOLD OTHER THAN GOLD. REMEMBER PHOSPHORUS? I DO THINK MOSUL IS A LOT FURTHER ALONG THAN REPORTS SHOW. IT IS THE LAST DOMINO IMO AND WE JUST WAIT FOR THE ANNOUNCEMENT. THEN I BELIEVE REFORMS WILL TAKE OFF ASAP. AND I HATE TO BRING UP HISTORY, BUT IRAQS FINANCIALS AS REPORTED ARE QUESTIONABLE AT BEST AS THEY HAVE BEEN FOUND WITH 2 SETS OF BOOKS IN THE PAST. SOMETIMES WHAT YOU SEE ISNT ALWAYS WHAT IT IS. IRAQ IS READY...ARE YOU? I KNOW I AM...AS ALWAYS JMHO. ______________________________________________________

Backdoc

LOTS OF INFO BUT MOST OF MY STUDIES ARE TOO SENSITIVE TO TALK ABOUT. WE ALL KNOW HOW IRAQ REDUCED ITS NOTE COUNT BY DOING THE CURRENCY AUCTIONS BY SELLING DOLLARS AND PULLING IN DINAR. THEY METHODICALLY DESTROYED THE PAPER THUS REDUCING THE NOTE COUNT! I LOVED SEEING THAT ARTICLE ON THE 7TH THAT STATED IRAQ HAD ENDED ITS INTERNATIONAL FINANCIAL MESSAGING SERVICE! YES A COMPLETION ON THE 7TH! OF COURSE THEY WERE BEING SNEAKY ON HOW THEY STATED IT BUT WE ALL KNOW THAT WAS THE SWIFT CODE RIGHT? RIGHT! THEY ARE NOW E-DINAR AS THEY SAID THEY WOULD BE! SO OBVIOUSLY THEY ARE NOW ON THE THE CIPS WHICH IS THE NEW DIGITAL PLATFORM WHICH CAN RUN BOTH!

NOW WE WAIT FOR THE CONCLUSION AS WE SEE IT IN PROCESS! WITH THE BUDGET RIDER ACTIVATED AND LIKELY LAUNCHED ON THE 8TH WE SHOULD SEE FURTHER ACTIVITY BY THE 10 DAY WINDOW. THIS SEEMS TO ALIGN WITH THE IEX SCHEDULE WHICH SAYS TRADING WILL RESUME SOMETIME AFTER THE 15TH! IRAQ CAN WAIT TO PUBLISH THE BUDGET FOR AWHILE SO I'M PICKING NO DAYS HERE BUT WE ARE ENJOYING THE COMPLETION PROCESS AREN'T WE? OCTOBER USHERS IN THE NEW ASSET-BACKED DIGITAL NEW REALITY AND WE ARE MORE THAN READY! JUST ENJOY DAY BY DAY SEEING THE REAL TIME CONCLUSION PROCESS! YES ITS REAL! PINCH YOURSELF! IMO. ______________________________________________________

Kaperoni

Article:

"The central bank determines the sale of $ 5000 for citzens across the bank Rafidain and Rasheed"

Quote:

"The Iraqi Central Bank announced on Tuesday (September 6), the processing bank Rafidain and Rasheed exchange of foreign currency to the dollar expansion of cash sales outlets to citizens via their branches in the capital Baghdad and the provinces."

More good news. They are following the IMF concerns and liberalizing the foreign exchange. ______________________________________________________

mike

Article:

"Immaturity" economically Iraq has been presented by international conditions , "most unfair" and Abadi demands as "bold stances"

Quote:

"...because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance."

The IMF is the last stop for these guys, if they don't conform to what the IMF is requiring the money drys up and then the real problems are going to set in.______________________________________________________Frank26

...the IMF met with Iraq this past week...and they told them in order to receive any further loans...like for example the $650 million dollar loan that is waiting for them in November...they have to do two final things that they have not done...you have to finish the Financial Reform...before November...this is Iraq’s window...IOO. Allak is saying the very same thing...all is done...but the currency reform is not...it is the only thing that is left...and the IMF is demanding that they do this before November ...the CBI and the IMF are now talking about these issues. The Rafadain and Rasheed Banks are now poised and set to make loans to citizens...and even to sell the American dollar to the citizens and...why...because the auctions will eventually disappear...because there were the requirements... among many that the IMF had for them...but they have not completed the Financial Reform

...they must finish their Financial Reform...the CBI is giving you their step by steps...this information about the IMF and Iraq is HUGE. A long time ago the IMF told them...we are going to help you but you have to lift the 000’s...and in December of last year...they laid out the plan...and here we are seeing it unfold...would you not agree with me that they are international. IMF said look we will take you into the international theater by the middle of the year 2016...and they did..and now it is their turn IMO to finish the final obligation that the IMF demands of the GOI and CBI. ...the conclusion of Fallujah has brought the Economic Reforms...it is the Financial Reform of the CBI that needs to be done now...the CBI...along with the GOI is about to follow these orders...IMO.

The government right now is actually gone...it is a certain type of holiday that is a continuation of Eid. Let’s look after the holiday...because they are looking at about a five day holiday for this Sacrifice Feast...after their Eid ended...and if you include these extra days...Friday, Saturday, Sunday...it is a total of about nine days that the GOI has to come back and communicate with the CBI...and determine if they are going to follow this last step...the CBI said they would lift the 000’s...and would be ready by 2017...but that was before this meeting with the IMF...the latest information we have from the CBI website in Arabic...Allak knows these steps...and under his watch he may get some very big credentials...if when they come back the CBI and the GOI decide to lift the value of their currency.

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